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REGISTERED NUMBER: 05972537 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022

FOR

LUCASAIDE - GEMS LIMITED

LUCASAIDE - GEMS LIMITED (REGISTERED NUMBER: 05972537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUCASAIDE - GEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2022







DIRECTORS: Mr A Branchflower
Mrs M A Branchflower





SECRETARY: Mrs M A Branchflower





REGISTERED OFFICE: Slimbridge House
Station Road
Bishops Lydeard
Taunton
Somerset
TA4 3BX





REGISTERED NUMBER: 05972537 (England and Wales)





ACCOUNTANTS: Aspen Waite Doyle
Chartered Certified Accountants
Old Town Hall
Fore Street
Wellington
Somerset
TA21 8LS

LUCASAIDE - GEMS LIMITED (REGISTERED NUMBER: 05972537)

BALANCE SHEET
30TH SEPTEMBER 2022

30/9/22 30/9/21
Notes £    £   
CURRENT ASSETS
Stocks 10,400 23,400
Debtors 5 28,402 141,896
Cash at bank 18,956 6,913
57,758 172,209
CREDITORS
Amounts falling due within one year 6 (38,630 ) (40,872 )
NET CURRENT ASSETS 19,128 131,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,128

131,337

CREDITORS
Amounts falling due after more than one
year

7

(53,333

)

(73,333

)
NET (LIABILITIES)/ASSETS (34,205 ) 58,004

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (34,208 ) 58,001
SHAREHOLDERS' FUNDS (34,205 ) 58,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LUCASAIDE - GEMS LIMITED (REGISTERED NUMBER: 05972537)

BALANCE SHEET - continued
30TH SEPTEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19th March 2024 and were signed on its behalf by:




Mr A Branchflower - Director



Mrs M A Branchflower - Director


LUCASAIDE - GEMS LIMITED (REGISTERED NUMBER: 05972537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

1. STATUTORY INFORMATION

Lucasaide - GEMS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Tools and
equipment
£   
COST
At 1st October 2021
and 30th September 2022 5,000
DEPRECIATION
At 1st October 2021
and 30th September 2022 5,000
NET BOOK VALUE
At 30th September 2022 -
At 30th September 2021 -

LUCASAIDE - GEMS LIMITED (REGISTERED NUMBER: 05972537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Trade debtors 14,308 140,983
Tax 8,785 -
VAT 5,309 637
Prepayments - 276
28,402 141,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Bank loans and overdrafts 20,000 20,000
Other loans - 4,075
Family loan - 4
Trade creditors 3,522 1,796
Corporation tax 13,170 14,588
Directors' current accounts 38 29
Accrued expenses 1,900 380
38,630 40,872

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/22 30/9/21
£    £   
Bank loans due 1-2 years 20,000 20,000
Bank loans due 2-5 years 33,333 53,333
53,333 73,333